Professional Planning trimmed its position in shares of Visa Inc (NYSE:V) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,617 shares of the credit-card processor’s stock after selling 1,595 shares during the period. Visa makes up about 7.3% of Professional Planning’s holdings, making the stock its 5th biggest holding. Professional Planning’s holdings in Visa were worth $9,522,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in V. Steigerwald Gordon & Koch Inc. raised its holdings in Visa by 0.6% in the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 67,501 shares of the credit-card processor’s stock worth $13,498,000 after acquiring an additional 373 shares during the last quarter. Winfield Associates Inc. raised its stake in shares of Visa by 7.7% in the third quarter. Winfield Associates Inc. now owns 24,366 shares of the credit-card processor’s stock worth $4,872,000 after purchasing an additional 1,747 shares during the last quarter. Nachman Norwood & Parrott Inc lifted its holdings in shares of Visa by 4.1% during the third quarter. Nachman Norwood & Parrott Inc now owns 4,994 shares of the credit-card processor’s stock valued at $998,000 after purchasing an additional 195 shares in the last quarter. Paulson Wealth Management Inc. boosted its position in shares of Visa by 8.0% during the third quarter. Paulson Wealth Management Inc. now owns 1,921 shares of the credit-card processor’s stock valued at $384,000 after buying an additional 143 shares during the last quarter. Finally, Alpha Cubed Investments LLC increased its holdings in Visa by 0.6% in the 3rd quarter. Alpha Cubed Investments LLC now owns 75,926 shares of the credit-card processor’s stock worth $15,183,000 after buying an additional 445 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

In other Visa news, Director Lloyd Carney sold 1,550 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $192.64, for a total transaction of $298,592.00. Following the completion of the transaction, the director now owns 2,962 shares in the company, valued at approximately $570,599.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $200.82, for a total value of $1,405,740.00. Following the completion of the sale, the chief executive officer now directly owns 124,090 shares in the company, valued at approximately $24,919,753.80. The disclosure for this sale can be found here. Insiders sold a total of 118,122 shares of company stock valued at $24,748,541 over the last 90 days. 0.19% of the stock is currently owned by corporate insiders.

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Visa from $186.00 to $229.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Raymond James increased their price objective on shares of Visa from $204.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Morgan Stanley raised their target price on shares of Visa from $196.00 to $203.00 and gave the stock an “overweight” rating in a report on Tuesday, July 28th. Bank of America boosted their target price on shares of Visa from $227.00 to $234.00 and gave the company a “buy” rating in a research note on Thursday, August 27th. Finally, KeyCorp raised their price target on Visa from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, September 21st. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Visa presently has a consensus rating of “Buy” and an average target price of $214.72.

Shares of V stock opened at $200.26 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55 and a current ratio of 1.55. The stock has a fifty day simple moving average of $203.88 and a two-hundred day simple moving average of $191.62. The firm has a market capitalization of $388.98 billion, a PE ratio of 38.14, a PEG ratio of 3.05 and a beta of 0.90. Visa Inc has a 52-week low of $133.93 and a 52-week high of $217.35.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. Visa had a return on equity of 40.65% and a net margin of 51.37%. The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The business’s quarterly revenue was down 18.6% compared to the same quarter last year. On average, sell-side analysts forecast that Visa Inc will post 5.01 EPS for the current fiscal year.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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